CRISIS PRICING CODE
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
Fertiliser stocks: Combination of strong headwinds and structural repair. Who will win? 9 stocks, 4 with upside potential of up to 31%
For the better part of a decade now, every time this critical sector has run into trouble, the government has stepped in. The clean-up began with small steps. The mandatory coating of urea with neem was an early one. It was a measure that was not financial on the face of it; but it changed the sector’s economics by stopping the diversion of subsidised fertiliser to other uses.
FMCG stocks lost their tag of defensive stocks, will they get it back? 7 FMCG stocks with an upside potential of up to 32%
Those who have been following the market for long know this: When there is nervousness on the street, money instinctively moves towards a particular sector. That is the one with companies that sell soaps, biscuits, tea – all the everyday things that people buy whether the news is good or bad. Yes, we are talking about the FMCG sector.
After US, India is easiest place to list a company, says Blackstone president and COO Jonathan Gray, eyes $100 billion investment in the country
Blackstone's president and chief operating officer Jonathan Gray has stated plans to increase their investment in India to $100 billion. He highlighted positive sentiments surrounding India's economy, which is growing over 7%. Gray acknowledged recent concerns like rising energy costs but emphasized robust economic momentum. The firm is committed to investing in sectors such as infrastructure, financial services, and healthcare.
DA hike for central government employees: AIDEF urges cabinet secretary, Finance Ministry to announce DA hike soon, increase in bonus ceiling
DA hike: Central government employees and pensioners are in eager anticipation of the upcoming announcement regarding the dearness allowance and relief hike. The All India Defence Employees’ Association is urging the government to speed up this declaration. They also propose a significant increase in the performance-linked bonus ceiling, from Rs 7,000 to Rs 21,000.
Market crash wipes out Rs 26 lakh cr in 8 weeks! Why soaring bond yields may hurt Sensex, Nifty more than elevated oil prices
The Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation. While elevated oil prices have pressured equities, soaring bond yields, foreign outflows, a stronger dollar and tighter liquidity are adding to the selling pressure and weighing on investor sentiment.
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Fee on UPI P2M payments: How this “small” 0.4% fee can take a bigger bite out of your money
Starting from October 15, 2026, a new 0.4% transaction fee will be applied to UPI payments exceeding Rs 2,000, while lower amounts and peer-to-peer transfers will still be free. As some merchants may choose to adjust prices accordingly, customers should stay vigilant, checking for any surcharges at checkout to ensure they understand all costs involved. Transparency and quality of service will be vital as these changes are implemented.
Robert Downey Jr. launched a coffee company built on mental health support in 2024; today, its packaging links directly to national crisis helplines
Robert Downey Jr. entered the coffee business in 2024 with Happy Products, a company built around a message that goes beyond coffee. The brand has made mental health support part of its packaging. Happy partnered with the National Alliance on Mental Illness, known as NAMI. Its coffee products include information about NAMI’s mental health resources and a QR code that can connect customers with support.
Battered bonds draw support from falling oil prices
US Treasury yields fell slightly while oil prices decreased following hopes for a US-Iran truce. Stock markets remained strong, driven by optimism in the AI sector and potential energy supply improvements. Consumer sentiment in the US dropped to a four-month low due to inflation concerns affecting purchasing power. The dollar weakened against the yen but remained firm against the euro amid expected Fed rate hikes.
Retailers push back against proposed 0.4% MDR on UPI transactions above Rs 2,000, warn of hit to thin margins
Retailers are strongly opposing a proposed merchant discount rate on UPI payments. This new charge will significantly impact their already very thin net profit margins. Industry associations are petitioning the finance ministry to scrap the proposed transaction fee. They highlight that this fee will erode the survival margins of many small businesses. The proposed charge is set to be implemented from October fifteenth.
Ford Twin Cities Assembly closed in 2011 after building Rangers and Model Ts; demolition crushed 150,000 tons of concrete for backfill and grading on the St. Paul site
The former Ford manufacturing site in St. Paul has been transformed into a vibrant housing community along with a grocery store. For decades, this location produced iconic vehicles like the Model T and Ranger pickup trucks, but the closure of many auto plants from 1979 to 2011 left communities reeling.
Nifty 30,000 target still on track; why Elara’s Harendra Kumar prefers IT, power and smallcaps
We are telling people that this is the right time to look at the market constructively. Historical evidence suggests that this is the time to invest — after phases like this, FII flows also turn positive. Even now, FII flows are beginning to improve.
India's economy shatters a 35-year barrier to enter A-rated club
Indian Economy: Japan Credit Rating Agency (JCRA) has upgraded India’s sovereign credit rating from BBB+ to A-, restoring an A rating for India after more than 35 years. The upgrade follows rating increases by Morningstar DBRS, R&I and S&P Global Ratings. India’s strong economic growth, improving fiscal position, stronger banking system, digital infrastructure and low external vulnerability are supporting the latest rating upgrade.
Buying a house in a big gated society? Check these 4 key things before your dream home turns into a nightmare
India’s cities cannot accommodate their rapidly growing urban populations without greater density. The trend towards large residential projects is expected to strengthen further. Density is not the trap. The trap is density without adequate infrastructure, professional management and an honest accounting of what it will cost to live there. Water shortages, elevator breakdowns and rising maintenance bills—the reality of what happens after you move into a mega gated society.
Noida workers stir: Unrest hastens search for national floor wage rate
The move comes in the backdrop of the recent unrest in the NCR with factory workers demanding higher wages after the implementation of the labour codes."We are examining the current wages and inflation across states and will soon arrive at floor wage rate for different geographies," a senior government official told ET on condition of anonymity.
Iran war impact: Govt mulling diversion of stranded cargo to new markets
India is assessing the diversion of export cargoes stranded by the West Asia crisis to alternative markets. The commerce ministry is seeking details from goods exporters on rerouting options and has also reached out to services exporters to gauge potential risks to trade, including movement restrictions and technology reliance.
Pahalgam terror attack triggers airline surge pricing: Why India needs regulation to curb crisis profiteering
Following the Pahalgam attack, Srinagar flight prices surged. This raised concerns about unfair pricing. The DGCA intervened, but many travelers already faced high costs. The Consumer Protection Act needs amendment. It should address emergency profiteering in essential services. A 'crisis pricing code' is necessary. This will ensure fair pricing during emergencies. India must prioritize consumer protection over unchecked algorithms.
Woman shares a photo of food on social media, and she receives a massive £50k restaurant bill
A woman shares a photo of her food and table on social media resulting in a massive bill after that. She shared the picture with her friends and followers through an app in which the QR code of the place was also there.
Educate farmers on farm bills’ benefits: Prime Minister Narendra Modi
Addressing BJP leaders and workers on the birth anniversary of party's ideologue Deendayal Upadhyay, Modi asked them to reach out to farmers on the ground and inform them about details and benefits of the new agriculture reforms and how these will empower them.
Australia to make Google and Facebook pay for news content
The Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news content.
Reliance Capital bonds trade at 80% discount
Those unlisted bonds have a residual one-year maturity.
Assam tea workers get only 7 per cent of price, says report
For a 200 gram packet of branded Assam tea sold in India for Rs 68, less than Rs 5 is left for workers.
Ex-Goldman Sachs executive Steven Mnuchin sworn in as US Treasury Secretary
He was sworn in as the Treasury Secretary by Vice President Mike Pence soon after he was confirmed by the US Senate by a vote of 53 to 48 yesterday.
Indian Steel Association requests government to consider extending the minimum import price
"The situation with respect to import prices of the 66 HS codes covered under the August 4, 2016 remains low and as per ISA understanding these prices operate on a predatory level."
Economic Survey 2014: Its solutions are textbook-sound, to a fault
The Economic Survey makes sense when it expects growth to go north of 5 per cent this fiscal and the fiscal and current account deficits and inflation to improve.
Realty industry needs regulator to promote ethical business
Credai has brought to the centre-stage the issue of transparency by pushing it as a panacea for the negative perception about developers.
DBRS upgrades India's credit rating outlook to stable
DBRS has upgraded India's long-term foreign and local currency debt rating outlook from negative to stable on account of fiscal consolidation.
Inflation to average at 4.5-5pc this fiscal: Pranab
Finance minister Pranab Mukherjee today exuded confidence that average inflation during the current fiscal will be at 4.5-5 per cent.
Govt to 'wait & watch' before reversing stimulus
Union finance minister Pranab Mukherjee has said that the economic stimuli injection would continue till there is distinct and visible signs of recovery happening both in north America and Europe.
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